SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Alan Wallace who wrote (42193)1/3/1998 4:24:00 PM
From: E. Graphs  Read Replies (2) of 58324
 
John,

If this keeps up support at 12 1/4+- will be formidable as this was an excellent level of support even before the split. Shorts should probably be thankful for this basing and consolidation work being done here and cover. There is no guarantee that Rocky's 15 will mark a right shoulder top........we could just carry right on up from there. OTOH if we do form a right shoulder we'd simply be tracing back to this same support! So, imho there's more reward than risk in the long equation, and some opportunity for a 3 point trade as well. And, even if the stock does break 15+ and then goes on to new highs, it might still pull back to the breakout and give those who traded out a chance to get back in. They'll have only left about 3 points on the table. Well, that's at least the way I see it at it at the moment.

jm2›,

E (definitely a she, in case anyone is worried about that pseudothingie)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News